Deseret Mutual Benefit Administrators Lowers Position in VanEck Fallen Angel High Yield Bond ETF $ANGL

Deseret Mutual Benefit Administrators decreased its stake in shares of VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) by 55.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,970 shares of the company’s stock after selling 33,675 shares during the quarter. Deseret Mutual Benefit Administrators’ holdings in VanEck Fallen Angel High Yield Bond ETF were worth $802,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Spire Wealth Management boosted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 4.4% during the 3rd quarter. Spire Wealth Management now owns 9,075 shares of the company’s stock valued at $270,000 after purchasing an additional 385 shares during the last quarter. TFG Advisers LLC lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 1.2% in the second quarter. TFG Advisers LLC now owns 34,194 shares of the company’s stock worth $1,001,000 after buying an additional 415 shares in the last quarter. Rovin Capital UT ADV lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 0.7% in the second quarter. Rovin Capital UT ADV now owns 65,226 shares of the company’s stock worth $1,910,000 after buying an additional 453 shares in the last quarter. Elm3 Financial Group LLC boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 6.8% during the second quarter. Elm3 Financial Group LLC now owns 7,515 shares of the company’s stock valued at $220,000 after buying an additional 476 shares during the last quarter. Finally, Continuum Advisory LLC boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 1.4% during the third quarter. Continuum Advisory LLC now owns 35,536 shares of the company’s stock valued at $1,056,000 after buying an additional 486 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Price Performance

NASDAQ ANGL opened at $29.59 on Friday. The stock has a market capitalization of $3.13 billion, a PE ratio of 59.37 and a beta of 0.44. VanEck Fallen Angel High Yield Bond ETF has a 1-year low of $26.92 and a 1-year high of $29.75. The business has a 50 day simple moving average of $29.45 and a two-hundred day simple moving average of $29.39.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 29th were given a $0.1599 dividend. This is a boost from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15. This represents a c) annualized dividend and a yield of 6.5%. The ex-dividend date was Monday, December 29th.

VanEck Fallen Angel High Yield Bond ETF Profile

The VanEck Fallen Angel High Yield Bond ETF (ANGL) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index of bonds that were rated investment grade at issuance but later downgraded to sub-investment grade. ANGL was launched on Apr 10, 2012 and is managed by VanEck.